Manappuram Finance MD Nandakumar buys ₹41 crore duplex in Mumbai
VP Nandakumar, MD and CEO of Manappuram Finance has purchased a 4,500 square feet duplex property in Mumbai’s Bandra West locality for ₹41.25 crore
VP Nandakumar, Managing Director and Chief Executive of Kerala-based NBFC Manappuram Finance, has purchased a 4,500 square feet duplex apartment worth ₹41.25 crore in Mumbai, property registration documents shared by proptech unicorn NoBroker showed.
![VP Nandakumar, MD and CEO of Manappuram Finance has purchased a 4,500 square feet duplex property in Mumbai’s Bandra West locality for <span class='webrupee'>₹</span>41.25 crore(NoBroker) VP Nandakumar, MD and CEO of Manappuram Finance has purchased a 4,500 square feet duplex property in Mumbai’s Bandra West locality for <span class='webrupee'>₹</span>41.25 crore(NoBroker)](https://cdn.statically.io/img/images.hindustantimes.com/img/2024/07/04/550x309/Mumbai_building_1720102536434_1720102561776.png)
NoBroker, which has recently forayed into the luxury real estate segment, facilitated the transaction. The deal was registered on April 24, 2024, and named S Raheja Developers as the seller. It included a stamp duty of ₹2.3 crore, the documents showed.
The sea-facing apartment is located on Carter Road in the prime Bandra West locality of the financial capital. The building houses only a single apartment on each floor “offering the exclusivity which its prospective residents look out for,” NoBroker said.
Also read: Unity Small Finance Bank buys commercial properties worth ₹400 crore in Mumbai
“Having recently entered the luxury residential market, NoBroker.com has already facilitated multiple transactions of over ₹10 crore ticket sizes across the core luxury markets of Mumbai, NCR, Bengaluru and Hyderabad. Mumbai, in particular, stands out as a key destination for such high-value deals,” said Saurabh Garg, Co-founder and Chief Business Officer, NoBroker.com.
In this latest vertical, NoBroker caters to specific customer demands for luxury apartments, villas, row houses and holiday homes in the price range of ₹10 crore and above.
Email queries have been sent to Manappuram Finance and S Raheja Developers by HT Digital. The story will be updated once a response is received.
Big-ticket deals in Mumbai
Financial capital Mumbai’s real estate market is well-known for frequent high-end property deals with a clientele including corporate titans and movie stars, among others.
Also read: After Abhishek Bachchan, Amitabh Bachchan buys two apartments in Mumbai's Borivali for ₹6.78 crore
Last month, the Bachchan family made headlines as Amitabh Bachchan acquired two luxury apartments worth nearly ₹7 crore in Mumbai’s Borivali suburb, following son Abhishek Bachchan’s purchase of six residential units in the same project for ₹15.42 crore. Bachchan Senior also purchased three office units worth nearly ₹60 crore in Andheri West in the same month.
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